Today's challenges
The challenges that CEOs perceive are—perhaps
not surprisingly—the same issues that we at PcS confront
every day. They include creating and preserving value in
a highly competitive environment, navigating a wave of new
regulation, and motivating and taking care of their key
people.
Every day, PcS’s people apply what
we like to call Connected Thinking on behalf of our clients
and within our own organisation to meet those business challenges
and demonstrate true leadership.
Reducing costs
Doing more with less. On one hand, your company
seeks growth. On the other, the demand to reduce costs never
goes away. You had better find a way to do both, simultaneously.
Of course, developing a cost-reduction strategy that maximizes
efficiency without compromising growth potential is a tricky
proposition. You have to resist pressure to make indiscriminate
cuts or slash headcount across the board. Your job is to
trim the fat—not cut into the bone. You need to identify
core competencies where efficiency can be improved, trim
and consolidate non-core functions, and reinvest the savings
in critical business assets. And even before you start,
you need buy-in from your company employees.
Outsourcing might seem to be an easy answer.
In many industries, contracting out non-core business functions
such as human resources, billing, or payroll to third-party
providers is gaining acceptance. Some companies have even
outsourced parts of their operating processes. But once
a company decides to outsource, it also exposes itself to
new forms of risk. For example, an inferior supplier of
outsourced services can, overnight, inflict lasting damage
on a company’s relationship with its suppliers and
customers.
So whatever route you take, you must proceed
with caution—and knowledgeable counsel. At PcS, we
have considerable experience in planning, implementing and
evaluating cost reduction and cost containment programmes.
We can render formal opinions on business and asset values
for tax and accounting purposes, business transactions,
and joint ventures. And we can provide professional advice
on:
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Capital structuring and cost of capital
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Downsizings and carveouts
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Employee benefits and compensation
programs
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Financial function and IT effectiveness
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Location planning
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Offshoring and global supply chain
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Outsourcing
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Services
PcS provides industry-focused services
for public and private clients in order to build public
trust and enhance value through the application of what
we call Connected Thinking. See one of the areas below to
discover the benefits we can bring to you—whatever
the size of your organisation.
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Audit and assurance
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Actuarial insurance services
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Assistance on capital market transactions
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Corporate reporting improvement
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Financial accounting
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Sustainability reporting
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Independent controls & systems
process assurance
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Internal audit
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Regulatory compliance and reporting
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Human resources
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- Consulting
- Strategy
- Finance
- Technology
- Governance, risk and compliance
- Operations
- People & change
- Revenue growth
- Shared services and outsourcing
- Sustainability
- Delivering deal value
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Tax
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International tax services
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Mergers & acquisitions
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Transfer pricing
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Business recovery services
A tough economic climate, rapid market
changes, new competitors, disruptive technologies, strategic
errors—any or all of these can plunge a company
into serious financial distress. Left unaddressed, they
may threaten corporate survival. Whether these factors
occur in isolation or converge, they typically trigger
a host of problems, including underperformance, declining
earnings, and liquidity and cash-flow blockages. Companies
often exhibit symptoms of distress well before a crisis
erupts. In many cases, a downward spiral is not inevitable.
It can be arrested and reversed. Early detection and swift,
decisive action are the keys to restoring performance
and value. That's why timely, professional advice is critical.
Corporate finance
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Mergers & acquisitions advisory
(buy and sell)
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Advice on fundraising
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Project finance
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Private equity advisory
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Public company advisory
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Privatisation advice
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Delivering deal value
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Financial due diligence
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Bid support and bid defence services
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Commercial and market due diligence
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Strategy
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Valuations and economics
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Valuation consulting
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Tax valuations
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Economics
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Independent expert opinions
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Accounting valuations
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Modelling and business planning
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Post deal services
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Financial accounting
For all organisations that need high quality accounting
advice, PcS has the breadth and depth of knowledge and
technical expertise to help. Our financial accounting
and accounting technical advice, support tools, guidance,
and training will help improve the quality of your company’s
financial reporting.
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Strategy
We provide deep industry and technical knowledge, supported
by rigorous market, economic and financial analysis, to
enable you to deliver the best results for your business
in the areas of business unit strategy, transaction services,
valuation, economics, brand/intellectual property management
and risk management.
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Finance
We support CEOs, CFOs, controller and treasurers to optimise
the structure of their finance functions to improve their
contribution to the business. We structure our support
to ensure that finance addresses the challenges of achieving
appropriate standards of control, efficient back office
opportunities and support to the business through insight
and challenge.
Also, we assist businesses in designing
and implementing governance and compliance programmes to
ensure that the company continues to operate within the
boundaries of relevant legislation and regulations. This
includes building a culture of doing the right thing.
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Operations
The demand for customer centric focus, end to end integrated
operations and optimal cost management has never been
greater. We bring capabilities in management and process
improvement to help companies optimise their operating
processes and supply chain. We help our clients transform
their key value chain functions, from customer management
through to sourcing of services and goods. We apply proven
cost management methodologies to facilitate agile responses
to changing conditions and to drive business growth. We
support our clients to improve value, reduce waste and
reduce costs to leave lasting sustainable benefit.
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People & change
Getting the best from people at every level when there
is constant change is the key to sustainable competitive
advantage. Solid strategies, processes and technology
alone do not deliver results. It takes people to accept,
adopt, drive, and sustain the change to realise tangible
impact. Success in business hinges on strategic agility
and the ability to execute.
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Revenue growth
The selling process is becoming much more complex. Connectivity
has facilitated mass customisation and created new routes
to the customer, but it has also raised people's expectations.
They now want goods and services that are tailored to
their individual preferences, a consistent service and
single point of contact.
The traditional "product push"
is simultaneously giving way to a more consultative, long-term
approach, and procurement functions are becoming increasingly
professional. So suppliers have to improve their sales
techniques. Yet many companies are struggling to get a
clear picture of their customers because they have different
systems for different channels, lines of business and
countries.
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Shared services and outsourcing
Many companies have already outsourced their IT and back-office
functions or established shared services centres for major
business processes. They are now outsourcing core activities
like research, product development and tax and legal services,
as globalisation and connectivity enable new ways of doing
business. The rationale for outsourcing is thus changing
dramatically; a growing number of organisations see it
as a means of obtaining strategic advantages, not just
as a cost-cutting measure.
The scale and complexity of outsourcing
is also increasing. The earliest outsourcing contracts
were long-term, one-to-one arrangements. Today, with greater
connectivity, the trend is towards multi-sourcing —
where a lead supplier functions as a contractor and orchestrates
other suppliers or where a group of suppliers collaborates
to provide a collection of services.
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Financial due diligence
All businesses involved in an acquisition, as buyers or
sellers, need to ensure that the financial information
they hold is as accurate as possible, not only to prevent
paying too much (or in a seller’s case receiving
too little) but also to ensure that their governance and
risk management objectives are met.
From the buyer’s perspective the
quality of information available about a potential acquisition
determines the ultimate success of a transaction. Without
ensuring that the financial statements about a business
reflect the reality, a deal may deliver less than first
impressions suggest.
To ensure an efficient sales process, vendors need to
present their financial information to potential buyers
as transparently as possible. An independent assessment
provides potential buyers with certainty about the business
and the nature of its cashflow.
Financial due-diligence can help to identify and focus
attention on the factors in the business that will be
critical to its future success.
Public company boards’ governance responsibilities
require them to ensure that all steps possible have been
taken to identify any problematic issues in a potential
acquisition.
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Internal audit
Maximising the value and effectiveness of the internal
audit function requires an understanding of an organisation's
objectives, risks, risk management priorities, regulatory
environment, and the diverse needs of critical stakeholders
including executive management, the board, employees,
and shareholders. Ultimately, these needs determine the
risk profile of the organisation and the strategic focus,
organisation, resources and practices required of its
internal audit department.
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International tax services
The interplay between financial reporting and tax reporting
has resulted in financial reporting developments with
significant implications for insurance tax departments
including changes made by the Statutory Accounting Principles
Working Group, the Financial Accounting Standards Board,
The Securities and Exchange Commission, and the American
Institute of Certified Public Accountants. These developments
require tax practitioners to work closely with financial
reporting staff to insure that amounts are properly reported.
Multinational businesses are increasingly
affected by tax, legislative and regulatory developments
throughout the world. Understanding the impact of these
developments on business operations and transactions between
countries is vital for a company's survival.
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Mergers & acquisitions
Whether you are making an acquisition, disposing of a
business, going through a merger, entering into a joint
venture, planning for IPO, planning for a public to private
transaction, restructuring your business, reassessing
management incentive plans or refinancing, tax risks need
to be managed and net cash flows optimised. Tax planning
at an early stage can add significant value to every transaction,
whether by minimising transaction tax costs, managing
long term sustainable tax rates and cash flows, and ultimately
planning ahead for a tax efficient exit.
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P
- Philosophy
R - Relating, to
O - Opportunities
S - Strategies &
Solutions
P - Prosperity &
Pragmatism
E - Efficiency, and
R - Re-defining
A - Attitudes
It brings “ Good Fortune”
Today's
challenges Reducing
costs Services
Audit and assurance
Human resources
Consulting
Tax
Business recovery services
Financial accounting
Strategy
Finance
Technology
Governance, risk and compliance
Operations
People & change
Revenue growth
Shared services
and outsourcing Financial
due diligence Internal
audit International
tax services Mergers
& acquisitions
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